A U.S. district judge in Manhattan on Thursday allowed four men to pull their insider-trading guilty pleas, citing last year’s Second U.S. Circuit Court of Appeals ruling that put new limitations on prosecutors’ ability to pursue such cases. Read More »

Federal prosecutors in Manhattan on Thursday arrested New York Assembly Speaker Sheldon Silver, accusing the powerful Democratic lawmaker of collecting millions of dollars in payments from two law firms through a corruption and bribery scheme. Read More »

Federal prosecutors and the International Brotherhood of Teamsters on Wednesday said they’ve struck a deal that will free the union of more than two decades of government control dating back to a settlement intended to purge its leadership of corruption and alleged Mafia influence. Read More »

Manhattan U.S. Attorney Preet Bharara had enjoyed a nearly untarnished winning streak of insider-trading prosecutions since he took office in 2009, earning a reputation as Wall Street’s most intimidating sheriff.

Those days may be over in the wake of Wednesday’s landmark federal appeals court ruling overturning two insider-trading convictions. What the decision means for Wall Street’s most high-profile prosecutor and the future of insider trading prosecutions are the questions of the day. Here’s what law professors, white-collar lawyers and other experts are saying about it. Read More »

An appeals court has drawn brighter lines around what constitutes insider trading.

The new, more narrow definition of insider trading was a win for two portfolio managers Todd Newman and Anthony Chiasson, who saw 2012 insider trading convictions and prison sentences of several years overturned by the Second U.S. Circuit Court of Appeals Wednesday. The decision delivered an epic blow to the Justice Department’s fight against insider trading. Read More »

A federal appeals court in New York overturned two insider-trading convictions on Wednesday, whittling down the scope of the crime and dealing the U.S. attorney’s office in Manhattan a loss in its nearly perfect record in such cases under the leadership of Preet Bharara.

U.S. Attorney Preet Bharara deflected questions Tuesday about whether he wants to be the next U.S. Attorney General, but said the successful candidate’s priorities should mirror his own.

“My sense is the priorities are…pretty well set,” he said at a forum hosted by Crain’s New York.

“The focus on national security, which is a focus of our office, the focus on cybercrime, which is also the focus of our office, the focus on civil rights, which is also the focus of our office, emphasized most recently in the Rikers Island case,” Mr. Bharara said. Read More »

A former top public corruption prosecutor in the Manhattan U.S. attorney’s office is leaving private practice after three years to come back to work for U.S. Attorney Preet Bharara as his chief counsel.

Manhattan U.S. Attorney Preet Bharara’s remarkable winning streak of insider-trading convictions has come to an end.

A federal jury on Tuesday acquitted Raj Rajaratnam’s brother of involvement in his older sibling’s insider trading conspiracy. The verdict was a rare defeat for Mr. Bharara’s office, which has secured more than 80 insider trading convictions and guilty pleas in the past five years. Read More »

About Law Blog

The Law Blog covers the legal arena’s hot cases, emerging trends and big personalities. It’s brought to you by lead writer Jacob Gershman with contributions from across The Wall Street Journal’s staff. Jacob comes here after more than half a decade covering the bare-knuckle politics of New York State. His inside-the-room reporting left him steeped in legal and regulatory issues that continue to grab headlines.

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